Eric Woersching
Director at PLTR
Board
About Eric Woersching
Eric Woersching, 41, has served as an independent director of Palantir since June 2022. He is co‑founder and General Partner of Massive Tech Ventures and a private consultant to early‑stage software companies; previously he was VP of Revenue Operations and then Senior Advisor to the CEO at EasyPost, and a General Partner at Initialized Capital. He holds B.S. and M.S. degrees in Electrical Engineering from Stanford University and is a Chartered Financial Analyst. He is designated by Palantir’s Board as an Audit Committee financial expert and currently chairs the Audit Committee .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| EasyPost | VP, Revenue Operations; Senior Advisor to the CEO | 2020–2022 (VP), 2022 (Senior Advisor) | Corporate strategy, analytics, operations, M&A, fundraising |
| Initialized Capital | General Partner | 2017–2019 | Served on boards of several private tech companies |
| Massive Tech Ventures | Co‑founder and General Partner | Current | Investment, strategy (Managing/General Partner) |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Blend Labs, Inc. (NYSE: BLND) | Director | Since June 2024 | Public company board experience; financial/technology/M&A expertise noted by BLND |
| Massive Tech Ventures | Co‑founder and General Partner (Managing Partner) | Since March 2023 (Managing Partner at BLND disclosure) | Venture investing; potential network interlocks to monitor |
Board Governance
- Independence and designation: The Board determined Mr. Woersching is independent under Nasdaq rules; he is also designated an Audit Committee financial expert under Item 407(d) of Regulation S‑K .
- Committee assignments: Audit Committee member and Chair; Audit met five times in 2024. Audit responsibilities include auditor selection/oversight, internal controls, related‑party transaction review, risk oversight, and pre‑approval of audit/non‑audit services .
- Attendance and engagement: In 2024, the Board met four times; each incumbent director attended at least 75% of Board and applicable committee meetings .
- Governance processes: Non‑employee directors hold executive sessions at least twice per year, led by independent directors; the CNG Committee (Moore, Schiff) met eight times in 2024 and oversees director compensation, governance guidelines, succession, and clawbacks .
- Leadership structure: Chair and CEO roles are separated; Peter Thiel serves as Chair; the Board may appoint a lead independent director if the chair is not independent .
Fixed Compensation
| Component | 2023 Amount ($) | 2024 Amount ($) | Notes |
|---|---|---|---|
| Board annual retainer (cash) | 40,000 | 40,000 | For all non‑employee directors |
| Audit Committee Chair retainer (cash) | 25,000 | 25,000 | Chair receives chair fee only (not member fee) |
| Total cash actually paid to Woersching | 65,000 | 65,000 | Matches retainer + Audit Chair fee |
Observation: Cash retainer structure and Woersching’s cash received were unchanged year‑over‑year, indicating stable cash/equity mix and continued Audit leadership responsibilities .
Performance Compensation
| Item | Policy / 2023 | Policy / 2024 | Notes |
|---|---|---|---|
| Equity vehicle | RSUs (time‑based) | RSUs (time‑based) | Non‑Founder Outside Directors are eligible for RSUs under the 2020 Plan |
| Initial award (new director) | $400,000 grant value (RSUs) | — | Vests 1/3 annually over 3 years from start as outside director |
| Annual award | $300,000 grant value (RSUs) | $300,000 grant value (RSUs) | Granted first trading day after annual meeting; vests on earlier of 1‑yr anniversary or day before next annual meeting |
| Change‑in‑control | Full acceleration for outside director awards | Full acceleration for outside director awards | Performance awards (if any) deemed at 100% of target |
| RSU grant value to Woersching | $299,999 | $299,992 | Grant date fair value (ASC 718) |
| Outstanding director RSUs (as of year‑end) | 49,630 (12/31/2023) | 27,214 (12/31/2024) | As disclosed in director comp footnotes |
| Performance metrics tied to director equity | None disclosed | None disclosed | Director RSUs are service‑based, not performance‑based |
There is an annual cap: total director compensation is limited to $750,000 per fiscal year ($1.5M in first year as a Non‑Founder Outside Director) .
Other Directorships & Interlocks
| Company | Relationship to PLTR | Potential Interlock/Conflict Notes |
|---|---|---|
| Blend Labs (BLND) | Unrelated; no disclosed PLTR commercial relationship | Woersching joined BLND Board in June 2024; BLND’s proxy lists his financial/tech/M&A expertise; monitor for any future transactions but none disclosed with PLTR |
| Massive Tech Ventures | Private venture firm | Not identified in PLTR’s related‑party transactions; Audit Committee (which he chairs) reviews RPTs |
| Compensation Committee interlocks | None involving PLTR executives | CNG Committee comprised of Moore and Schiff; PLTR discloses no interlocks/insider participation in past year . |
Expertise & Qualifications
- Financial oversight: Designated Audit Committee financial expert; CFA charterholder .
- Operating and investment background: Venture capital GP (Initialized, Massive Tech Ventures), revenue operations leadership at EasyPost, board experience at private and public tech companies (including BLND) .
- Education: B.S. and M.S. in Electrical Engineering, Stanford University .
Equity Ownership
| Holder | Class A Shares (Direct) | RSUs vesting within 60 days | Total Beneficially Owned (A) | Percent of Class / Votes |
|---|---|---|---|---|
| Eric Woersching (as of 4/11/2025) | 1,603 | 27,214 | 28,817 | Less than 1% (*) |
| Notes | No pledging disclosed for Woersching; pledge disclosures are provided for certain other directors (e.g., Thiel, Moore) but not for Woersching |
As of 12/31/2024, Woersching held 27,214 outstanding RSUs under the Outside Director Compensation Policy .
Director Compensation (Total)
| Metric | 2023 | 2024 |
|---|---|---|
| Fees Earned or Paid in Cash ($) | 65,000 | 65,000 |
| RSU Awards ($, grant date fair value) | 299,999 | 299,992 |
| Total ($) | 364,999 | 364,992 |
Insider Filings and Trades
| Date | Form | Issuer | Summary |
|---|---|---|---|
| 2022‑06‑09 | Form 3 | Palantir Technologies Inc. (PLTR) | Initial statement of beneficial ownership filed upon joining the Board; “No securities are beneficially owned.” |
| 2024‑06‑14 | Form 3 | Blend Labs, Inc. (BLND) | Initial statement upon joining BLND Board; “No securities are beneficially owned.” |
No Form 4 transactions for PLTR by Woersching were identified in the documents searched. The beneficial ownership table in PLTR’s 2025 proxy reports his current holdings as above .
Related‑Party Transactions and Conflicts
- Review authority: The Audit Committee (chaired by Woersching) is responsible for reviewing related‑party transactions .
- 2024 disclosures: The “Certain Relationships and Related Party Transactions” section details commercial arrangements involving entities affiliated with Peter Thiel (Anduril, Chapter, BlackSky); no transactions involving Mr. Woersching are disclosed .
- Independence determination: The Board affirmatively determined Woersching is independent under Nasdaq rules after reviewing background, employment, affiliations, beneficial ownership, and RPTs .
Governance Assessment
- Strengths
- Independent director and Audit Committee Chair with financial expert designation; explicit mandate over auditor independence, internal controls, RPT oversight, and risk oversight—positive for investor confidence .
- Consistent meeting participation (≥75% attendance); stable compensation mix with predominant equity via time‑based RSUs aligns directors with shareholder value over annual cycles .
- No RPTs disclosed involving Woersching; outside board service at BLND broadens market insight without disclosed transactions with PLTR .
- Watch items
- Palantir’s broader capital structure concentrates voting control with founders (Class F and Founder Voting Agreement), which can dilute independent directors’ influence; however, this is a company‑level governance feature rather than Woersching‑specific .
- Venture investing role (Massive Tech Ventures) can create future perceived conflicts if PLTR transacts with portfolio companies; Audit Committee oversight is the mitigating mechanism .
Overall signal: Woersching’s qualifications (CFA, financial expert), Audit leadership, and equity‑heavy director pay structure are supportive of board effectiveness and alignment. No red‑flag conflicts or attendance concerns surfaced in the latest proxy cycle .